German Stocks Soar Despite Domestic Economic Woes

  • 📰 FT
  • ⏱ Reading Time:
  • 13 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

Business Nieuws

Stock Market,Germany,Dax Index

Germany's stock market has defied economic gloom, with the Dax index surging 18.7% this year. This strong performance is attributed to a handful of companies, dubbed Germany's 'magnificent seven,' which generate a significant portion of their earnings from outside Germany. The rally comes despite weak domestic growth, political instability, and an expected slowdown in economic expansion.

A handful of companies dubbed Germany’s answer to the US “magnificent seven” have driven a strong rally in the country’s stock market this year, defying the gloom enveloping the domestic economy. Frankfurt’s Dax, an index of 40 blue-chips, has risen 18.7 per cent this year, beating the benchmarks in France and the UK, and far outstripping the region-wide Stoxx Europe 600 index’s 4.8 per cent gain.

“Technology stocks have been the story of this year and unfortunately in Europe we only have two major players: ASML and SAP,” said Marc Halperin, co-head of European equities at asset manager Edmond de Rothschild. “The icing on the cake is AI.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 113. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Germany latest: Saudi Arabia 'repeatedly warned' Germany about suspect's 'extremist' views before Christmas market attackA 50-year-old suspect is being remanded in custody after five people were killed and more than 200 injured in a car-ramming attack at a Christmas market in Magdeburg. Saudi Arabian sources say they repeatedly warned Germany about the suspect's 'extremist' views.
Bron: SkyNews - 🏆 35. / 67 Lees verder »